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Tourism Enterprises Company (Shams) announces the Board of Directors’ approval of the CEO’s request not to renew his contract and delegate a CEO.
| Element List | Explanation |
|---|---|
| Introduction | Tourism Enterprise Company (Shams) announces the approval of the Board of Directors, by its decision issued by circulation on Sunday, 28/4/2024 AD, approving the request of the CEO, Mr. Mohannad bin Saleh Al-Onaizan, dated 24/4/2024 AD, not to renew his contract. The Board of Directors extends its thanks to Mr. Mohannad Al-Onaizan for his efforts during his period of work at the company and wishes him continued success. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mohannad bin Saleh Al-Onaizan |
| Resignation Acceptance Date | 2024-04-28 Corresponding to 1445-10-19 |
| Resignation Effective Date | 2024-04-28 Corresponding to 1445-10-19 |
| Reasons for Resignation | Private reasons |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Eng. Abdullah bin Omar Al-Suwailem |
| Date of Board Resolution | 2024-04-28 Corresponding to 1445-10-19 |
| Date Work Commencement | 2024-04-28 Corresponding to 1445-10-19 |
| Brief Resume | Eng. Abdullah bin Omar Al-Suwailem has more than 20 years of experience in executive management. He also has financial experience, having served as Chairman of the Audit Committee for two terms, and currently holds the position of Managing Director of the company. Engineer Abdullah Al-Suwailem holds a master’s degree in management engineering from University of Bridgeport in the United States. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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